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FOX News
Nov 24, 2012 7:30am PST
. it's a boring pick. >> brenda: cavuto on business. >> david: ready to go fiscal cliff diving? apparently a lot of businesses and shoppers are already afraid of the fall. i'm charles payne in for neil cavuto. with the holiday shopping season underway a lot of consumers are saying no way. and more than half saying the uncertainty around the fiscal cliff will impact their spending and job creators are cutting back on spending and a bad deal for the economy? well, let's ask. ben stein, dagen mcdowell, charlie gasperino and gary k. want to start with you. bad deal for all of us? >> of course, look, business investment was already down last quarter over 1%, and the word uncertainty just pervades the air and its business, its consumer, how about philanthropic organizations don't no what kind of write-offs for charity and the worst the outcome is probably going to be more, and taxes are going to go up and of course there will be no spending cuts. >> and ben, it does sound ominous, even if you're not someone who reads the wall street journal, the fiscal cliff, fiscal cliff, it could b
FOX News
Nov 25, 2012 11:00am PST
exclusive. then is the looming fiscal cliff casting a shadow over shoppers and investors this holiday season? visions of bargains are dancing in the heads of consumers. will the possibility of higher attackses slow them down. we'll talk with matthew shay, president of the national retail federation and john sweeney of fidelity investments. the holiday is over for white house and congressional leaders trying to make a deal. we'll ask our sunday panel if they can reach a compromise. >>> a thanksgiving tradition, our power player of the week has me dancing with turkeys, all right now on "fox news sunday." >> chris: hello again from fox news in washington. on this holiday weekend we're watching several major foreign policy developments from egypt to gaza to the continuing converse over the benghazi attack. to talk about it all is senator john mccain. welcome back to "fox news sunday." >> thank you. dancing with turkeys? >> chris: you'll have to wait until the end of the show to see. >> that's what we're doing now. >> chris: let's start with egypt where president morsi granted himself unch
FOX News
Nov 27, 2012 7:00pm PST
growing threat of the fiscal cliff. today on the senate floor, minority leader mitch mcconnell abusing president obama -- accusing president obama of being back on the campaign trail instead of working with lawmakers. have you seen anything to indicate that we are close to a resolution, or even moving in that direction? >> i haven't. it's hard to come to a resolution when one of the parties to that isn't around. the president, as you mentioned, is out on the campaign trail again. >> greta: you're referring to his trip this friday to pennsylvania. >> right. you've got to have presidential leadership to do big things. that's what we need right now. obviously republicans are here, ready to go to work, ready to solve the issue of the fiscal cliff. what the president wants to do, however, is to raise taxes on small businesses, almost a million small businesses who employee 25% of the workforce. that's his proposal. republicans cannot be for that. the president said in his press conference right after the election that his number one priority is jobs and the economy. we agree with th
FOX News
Nov 28, 2012 3:00pm PST
. to get off the fiscal cliff. this is "special report." ♪ ♪ >> bret: good evening. i'm bret baier. is it a negotiating ploy or really what president obama beliefs can happen? the president may be going down a new path tonight in deficit reduction efforts. it's a path that is sure to lead to many obstacles from the other side. chief white house correspondent ed henry has the new developments in a time sensitive story. >> in a dramatic move today, president obama seemed to be trying to split the budget talks to two pieces. suggesting he and lawmakers come up with spending cuts next year after they avoid the fiscal cliff, by extending middle class tax cuts and raising taxes on the rich. >> it would give us more time than next year to work together. on a comprehensive plan to bring down the deficit, streamline our tax system. do in a balanced way. >> the president apparent shift away from spending and tax altogether now in a big deal could increase the chances of a market rattling fall off the cliff. since the republicans want spending cuts included. >> republicans are willing to put
FOX News
Nov 27, 2012 10:00pm PST
, republicans are ready to go to work, ready to solve the issue of the fiscal cliff. what the president wants to do, however, is to raise taxes on small businesses, almost 1 million small businesses who employ 25% of the workforce. that's his proposal. republicans cannot be for that. the president said in his press conference, right after the election, his number-1 priority will be jobs and the economy. we agree with that. but your number-1 priority is jobs and the economy you don't grow the economy to create jobs by raising taxes on small businesses, the people who create the jobs. >> white house press secretary today, jay carney said when he was asked when the next meeting would be, the answer was, it would come, quote at the appropriate time. >> well, nobody know what is that means -- >> no! that's my point. is that -- is that, you know -- look, all of have you had a vacation, i refer, to while you are campaigning the last 3 months. have you known about this fiscal cliff for a year and-a-half. now the president's going out, friday, to do, as you say, campaigning. the press
FOX News
Nov 23, 2012 1:00pm PST
are still mindful or aware of this fiscal cliff that if my opinion, at least, is starting to hurt spending. >> it is hard to believe because why like toship but a lot of people go because it is a celebration thing, a lot of them are tag about it is like a party like lining up to see the ball drop on new year's so it is not just deal seeking. >>guest: it is becoming a huge event. you have to credit the retailers and the media for building it up because it is a big part of our economy and a quarter of the sales will be taking place here for the year take place in the next couple of weeks, but the fiscal cliff is out there. the fiscal cliff for the consumer is the worst thing that has happened since paris hilton released her debut music album, and there is not a lot of hope for congress to resolve anything. >> but consumer confidence is at a file year high so it must translate into opening of the wallets? >>guest: that is a fair point but if you look at the most recent consumer sentiment survey, you talk about future expectations, they are lower when than the last few months, and the
FOX News
Nov 21, 2012 1:00pm PST
walmart where black friday protests are planned and sandra tracking shoppers fearing the fiscal cliff. william, from lax? >>reporter: a bad travel day is a nightmare for thousands as the fastest growing union in the country is holding a protest on the business of the travel day of the year at the third busiest airport in the country. in was designed to turn this road, way you get into lamb, into a parking lot and they have succeeded. what is bad if travelers is good for the union. they are bringing publicity to an issue that local news and the media would otherwise not cover and that is basically a labor dispute with a small company employing 400 workers. they are protesting a vote by a company, by the workers, decertifying the union, throwing them out, so to speak. >> it is frustrating because they are trying to get home to their families. on a holiday. where people want to see their family. that is crazy. no notwithstanding you. that is how i feel. >> they have something to say. the constitution protects our right to protest. doesn't it? let them do it. more power to them. >> so, they are pr
FOX News
Nov 27, 2012 3:00pm PST
different constituency tonight in his bid to back away from the fiscal cliff. we have fox team coverage. chief washington correspondent james rosen is at the white house to tell us about the president's return to the campaign trail sort of. but we begin with the chief congressional correspondent mike emanuel and another reason that the talk reconciliation so important. good evening, mike. >> good evening. there are strong suggestions that the nation's debt problem may be worse than $16 trillion and counting and key lawmakers are saying it's time to slash spending. >> i can cut $600 billion more out of the federal government tomorrow. nobody would know a difference except for the people employed by the programs here in washington, d.c. >> when asked by fox what he would be willing to cut, the senate majority leader didn't offer anything new. >> remember, we have already done more than $1 billion worth of cuts. we have done that. so we need to get some credit for that. and the negotiations that take place. >> 42 business organizations sent this letter to top lawmakers urging cong
FOX News
Nov 26, 2012 7:00pm PST
, starring guess who. you, and of course the rest of us. we're all on the edge of this fiscal cliff. >> we don't think that raising tax rates is something that's good for this economy, that will help grow jobs. and so what we have said is there are ways for the federal government to have more revenue if we grow this economy and engage in tax reforms. >> every economist i respect says if you raise tax rates at this time -- in fact the president said that a couple years ago -- that it harms the economy. we're trying to help the economy. and so unless i can be convinced that raising tax rates will be beneficial, then obviously i think there's reason and grounds for my position. >> the truth is this country does not need to go through this fiscal cliff, which is fundamentally a huge tax increase and very little spending cuts. we're favoring a huge automatic tax increase that needs to be changed. >> bottom line we can't go off the fiscal cliff. democrats have harry reid. we have mitch mcconnell. get them in the room. no one gets all they want. if reagan and o'neill could do it, obama and boehne
FOX News
Nov 28, 2012 9:00pm PST
until the united states plunges off the so-called fiscal cliff. as the january 1st deadline looms large over washington, republican heavyweights from house speaker john boehner to majority leader eric cantor announced yet again today they're willing to make major concessions to the democrats in order to avert disaster. take a look. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts. >> we have done our part. we have put revenues on the table. something that we dtdn't do two yearyears ago during the debt ceiling negotiations. >> sean: we'll get into what, quote, unquote, revenue really means, and whether it includes tax hikes. as you just heard from the republican leadership they're offering up real solutions on how to avoid falling often the so-called fiscal cliff. the president however still thinks he's out there on the campaign trail, in fact using the exact same class warfare that we all gr
FOX News
Nov 22, 2012 1:00pm PST
have haven't, this is going to make you want to puke. 39 days away from a fiscal cliff it turns my stomach because i have been trying to avoid the fiscal cliff. i have a lot to do. i took it upon myself to try to save the country and broker a deal, to try to get them hopping on the trillions of dollars worth of automatic spending cuts and bush tax rates that expire the same second, at stroke of midnight january 1, 2013. with the biggest names in the business community, in the political community, we tried, again and again, to come close to the crisis that could have been avoided at 39 days out remains a chasm. hear their woes, their worries, about being on the brink. fiscal cliff? or fiscal free for all? we are staring at this abyss. no one is even touching it. >> what is amazing to me this is the most predictable financial crisis ever in the history of this country. i suspect we are thought going to anticipate a recession, you will see a recession. >> we should be very careful not to go over the cliff because we will have a negative affect on this economy and on employment. >>neil
FOX News
Nov 28, 2012 1:00pm PST
fiscal cliff which is 33 days away. >> typical middle class family of four would see the income taxes go up by $2,200, out of people's pockets. that means less money if bying groceries, less money if filling prescriptions, less money if bying diapers. it means a tougher choice teen paying the rent and paying tuition and middle class families cannot afford that right new. >>neil: my next guest had a thing to say about the diapers comment but it is not credible, middle class business owners scott and when -- wendy. you would both be affected. >>guest: it is disturbs. i built this business starting in the garage. we do window and screen doors and i have 14 employees, seven trucks, we are trying to help the public and we are trying to look at expanding our business and i could see adding another four employees to the roles but we are right on the cusp of that that zone of taxation and it makes you wonder, i know i will meet with the tax guy and he will say you need to think twice. don't expand. this is not the american way, i have my declaration and constitution because this is what
FOX News
Nov 26, 2012 6:00am PST
of a compromise as we head for the fiscal cliff? senator lindsay graham, one of the latest high-profile republicans that says he will break the longstanding pledge regarding taxes and says he will do it for the country, but only if democrats are willing to make reforms on entitledment programs, medicare and medicaid and social security. that is big if. good morning, hope your turkey was great. martha: good morning, everybody, i'm martha maccallum. you've got this. congressman peter king and now senator bob corker say they will ignore the decades old pledge that was signed by 241 house members and senators. he says he believes it is a huge game-changer. >> when you're $16 trillion in debt the only pledge we should make to each other is to avoid becoming greece. republicans should put revenue on the table. we're this far in debt. we don't generate enough revenue. capping deductions will help generate revenue. raising tack rates will hurt job creation. bill: this is the heart of the matter. stuart varney, host of "varney & company". morning to you, sir? >> this is a real shift. one
FOX News
Nov 29, 2012 3:00pm PST
developments tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican aides tell mike emanuel there was a lot of detail about the new tax increases. $1.6 trillion in new tax increases from the new rate, capital gain, dividends as well. new spending, starting with $50 billion next year. the white house is countering that is leftover stuff from the president american jobs act. not really spending. nonetheless, the republican aides on the hill saying this is a nonstarter to them. white house aide i just spoke to said that this is not new. this is the president's original budget framework going to september of 2011. they say inside the white house tonight the real problem is the repu
FOX News
Nov 27, 2012 9:00pm PST
more. "hannity" starts right now. tonight as the fiscal cliff drama unfolds on capitol hill, we'll take a step back and look at how we got to this point. namely, how do we become a nation buried under more than $16 trillion debt, why crippling defense cuts, and the largest tax increase will take hold in 35 days because your elected officials don't know how to stop spending money. let me first play a small part of one of the most memorable inaugural addresses of all time. >> my fellow americans, ask not what your country can do for you, ask what you can do for your country. >> sean: sadly five decades removed from that iconic speech, the democratic party, its leaders, and countless other americans, rely on government for too many things. instead of asking what they can do for their country, they're asking what their country can do for them. now the debt record is at record levels, tax rates are soaring, because nowadays handouts have taken the place of hard work. a liberal notion has permeated our society one that now says the federal government, it's their job to find you a job. it
FOX News
Nov 28, 2012 6:00am PST
its approach on the fiscal cliff, saying the elect is over. it's time to stop campaigning and start talk. some republicans are telling the president, show us your hand. martha: not over the cliff yet but perhaps headed there. good morning. i'm martha maccallum. the minority leader mitch mcconnell called the president out for what he says is a campaign-style blitz instead of negotiations between both sides. >> rather than sitting down with lawmakers and working out an agreement he's back on the campaign trail. we are not going to solve this problem by creating villians and drumming up outrage. >> he will be out trying to i'm sure zero in on those states represented by members of the house and the senate to try to get public support. bill: democrats upping the ante, looking to raise taxes, protect entitlements and raise the debt ceiling all at the same time. stuart varney, hello, there, sir. you think there has been a shift in those negotiations. >> i don't mean a shift in position. i mean a shift in focus, what they are focusing in on on the last couple days it's been taxes now it se
FOX News
Nov 22, 2012 3:00pm PST
are like those tax deductible and with the u.s. approaching a fiscal cliff, there are rumblings of big changes and some could impact charity. the and here is the national correspondent tim angle. >> thanksgiving, a time to relish one's blessings and help the less fortunate. >> in the scramble to avoid the fiscal cliff, both the president's plan to raise taxes on the wealthy and the republican willingness for revenues could end up hurting charities and rely on the kindness of people with money. >> high income people tend to give very generous gifts. they may give a million dollar contribution to a capital campaign of a local hospital or a local art museum and a small number of donors at the high end that account for really big chunk of the charitable giving in this country and those are the folks that we'd be most impacted by this tax policy change. >> in fact, united way gives 15% of total donations, 500 million dollars a year, from those who give $10,000 or more. so, charities worry that any kind of tax increase on the wealthy could cut into their donations and that money from the
FOX News
Nov 26, 2012 3:00pm PST
, washington power brokers would do anything to avoid it. i'm referring to the so-called fiscal cliff. you may have heard about it. it's the simultaneous convergence of tax increases and spending cuts designed to pressure lawmakers accepting other negotiated deficit reduction changes. it includes expiration of the bush era tax cuts that would effect everyone. expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without
FOX News
Nov 27, 2012 6:00am PST
devastating fiscal cliff that is looming over the u.s. economy right now. the president is meeting with small business owners at the white house today. he had a series of meetings with different business leaders over the last week. despite the warnings that the talks are stalling on capitol hill stuart varney joins me now, host of "varney & company" on fox business network. >> good morning, martha. bill:. martha: what are you hearing how this is going? >> it is impasse basically. the republicans said yesterday they accommodated the democrats they will agree to get more money from wealthy people from higher taxes but mitch mcconnell, senate republican leader, he says there has been no similar compromise from the democrats or the president. he says they are still holding out for higher tax rates on the rich and he says the radical left is prescenting the democrats and president and agreeing to serious reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion. that is money which it does no
FOX News
Nov 28, 2012 12:00pm PST
, maybe a lawmaker will win and donate it to the fiscal cliff, and she will be here to tell us about it. palestinian leaders headed to the united nations for the landmark vote. should palestinians get statehood? how would that work? what could it mean for peace in the middle east? and the biggest names in all of baseball on the ballot for the hall of fame including three players suspected of having used performance enhancing drugs. what to do in the time of sports, what to do with steroids? that is all ahead unless breaking news changes everything. >> first from fox at 3:00 in new york city the fight over the so-called fiscal cliff has gone from negotiations to playing out in public. today the president laid out the plan to step the looming tax hike in a public push that seemed like a campaign event. president obama meeting with a group of what he described as middle class americans, and repeated the argument for raising taxes on families earning more than $250,000, a plan which republicans so far reject. the president said the re-election shows a majority of americans support his appro
FOX News
Nov 27, 2012 4:00pm PST
unafraid from the desk with the couch. >> shepard: this is the fox report. avoiding the fiscal cliff. now the president and house republicans plan to hit the trail in search for support for their competing plans. plus, the u.s. ambassador, susan rice, meets with some of her toughest critics. and apparently they don't like what she has to say. >> we are significantly troubled by many of the answers that we got and some we didn't get. more disturbed now than i was before. >> shepard: republican senators criticizing ambassador rice for her initial comments on the libya consulate attack. >> ambassador rice has no responsibility for collecting, analyzing and providing intelligence. >> shepard: tonight the ambassador responds. >>> plus, the people of egypt trying to avoid trading one dictator for another. fighting back against a president who gave himself new powers. tonight a potential crisis point as the leader tries to put himself above the law. and how will the u.s. handle this? >>> plus, the chances of winning are ridiculously low. but millions of us are still lining up for a shot at a rec
FOX News
Nov 24, 2012 11:00am PST
guide to the new rules about to hit our already fragile economy and as fiscal cliff talks continue, big defense cuts are still on the table. so, should republicans embrace the sequester or make a deal to avoid it? welcome to the journal, editorial report. is the obamacare a sure thing or vast expansion of medicaid, heavily dependent on state implementation and a growing number of the governors are saying they won't do the federal government's bidding. wisconsin's scott walker is one of them and joins me now, governor, great to have you with us. >> paul, good to be with you. >> paul: when you wrote to the hhs secretary kathleen sebelius, you wouldn't set up a state exchange you wouldn't have the flexibility to make it work. why don't you elaborate on what you mean by lack of flexibility. >> each of the governors who run it, a state run, partnership or referring to the federal government. any folks that have a state run exchange they need to realize in the end there is no flexibility in terms of final outcome, there is no substantive difference between the three option, all of them l
FOX News
Nov 29, 2012 10:00am PST
clear, i think at least, that the democrats want to go off the fiscal cliff. you can see it in the fact that president obama's out there campaigning instead of sitting down with john boehner, running around pushing for a bill to increase -- extend just the middle class tax cuts which he knows republicans will never do. you can see it in the fact that 33 senate democrats signed this letter which says, quote, we will oppose including social security cuts for current or future pen fisheries in any -- beneficiaries at any time. that's signed by harry reid. senator durbin giving a speech saying no touching medicare or medicaid in any year end package. so, basically, the democratic position is no changes to social security, no changes to medicare, no changes to medicaid, yet the mainstream media all you hear is three words: grover, grover, grover. all you hear is about republican intransigence on taxes. where are the stories about democratic intransigence on entitlements? it seems to me that what they want to do is go off the fiscal cliff, pocket the increase on the wealthy, the tax incr
FOX News
Nov 24, 2012 8:30am PST
over all. we are in a fiscal cliff and rough waters here and now this to deal with? >> i think it could be bad for the economy. they have the merchandise and this is not going to affect thanksgiving shopping season and christmas most likely. but look at history. 1948 we had five million workers on strike and it crippled the economy. the taft hartley act brought back the boom. that is it breaking of the unions and created the boom that eisenhower had. if these union heads go forward. this could hurt the economy. >> tracey, you made the point about the retailers, it could hurt the consumer spending as well the economy needs that right now. and economist looking to the holiday shopping season to get big numbers out. >> cheril, i am a last minute shopper and i disagree that they have everything in for the season. stuff comes in down to the wire in so many small businesses if you don't have what i am looking for when i generally get out there, i am not buying it that hurts the over all economy. and look. at the unions what are you doing? people are dying for jobs and you are basic lie
FOX News
Nov 29, 2012 8:00am PST
: talk about government spending, we've got that fiscal cliff coming up january 1. might this conversation somehow be used to make some progress on that? >> reporter: it could because of the fact the other person on mitt romney's schedule today is congressman paul ryan, the house budget chairman. of course was his running mate back during the campaign. paul ryan has a key role in these budget talks of course as well. where they stand, a short time ago vice president biden went to a local costco here in washington, d.c., proclaimed himself optimistic they would get a deal. the fact of the matter yesterday, erskine bowles, a key player as well, saying he is slightly pessimistic. he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely
FOX News
Nov 24, 2012 7:00am PST
. >> and talking about yoga pants tomorrow. >> brenda: forget the fiscal cliff. is the union clash with businesses a bigger threat to jobs? from protesting wal-mart on the busiest shoppings day of the year and targeting one frt busiest u.s. airports on one of the busiest travel days of the year. we'll see big labor's travel play, a blow to a chance for anyone's recovery. hi, everyone, i'm brenda buttner, this is bulls and bears, and here we go the bulls and bears, gary b smith, tobin smith, jonas max ferris along with jim la camp and steve murphy, welcome to everybody. jim, growing union clashes with job creators, growing concerns about jobs? >> absolutely. look, every time you make it harder for an employer to hire somebody they're going to hire less people. we're already seeing it in the jobs numbers. look, obamacare has already cost a tremendous amount of jobs and since the president was reelected and it became apparent that obamacare was coming back in, we've seen the layoffs accelerate and now the unions are trying to kick businesses at a time when businesses are hurting and at a t
FOX News
Nov 26, 2012 2:00am PST
the fiscal cliff crisis. lawmakers are ready tro compromise. >> lawmakers are ready to give in on tax changes in order to get some sort of a deal done. kelly wright joins us with more on what it means for the negotiation. we could be looking at possible tax hikes, isn't that right? >>> oo the government is on automatic pilot. that is five weeks away. for congress there is much work to be done and more compromise to be made in order to avoid the fiscal cliff. it will require give and take negotiations particularly on raising taxes but republican law americas who pledged to not vote for anything with a tax increase now appear ready to relinquish that pledge in order to avoid the looming fiscal crisis. >> when you are $16 trillion in debt the only pledge we should be making to each other is to avoid the grief and republicans should put revenue on the table. >> so everything is on the table and campaign raising taxes on the wealthy is relying on treasury secretary tim geithner. his team will works on issues like medicare even social security. they hoping to avoid a repeat over raising
FOX News
Nov 28, 2012 4:00pm PST
to avoid the fiscal cliff? >> everybody agrees. >> going over the fiscal cliff will hurt our economy and will hurt job creation in our country. >>er -- every family in america will see their taxes automatically go up at the beginning of next year. >> shepard: so how to avoid that. >> the president and congress will either fail together or we will succeed together. >> there has to be a deal. there has to be an agreement. >> and if they can't come up with a compromise, we are all going to pay the price. plus, they are some of the biggest names in baseball. bonds, clemens, sosa. all three tainted by accusations they used performance enhancing drugs. but should that keep them from cooper's town? tonight, the great debate over baseball's hall of fame ballot but first from fox this wednesday night, the president hopes who have the framework of a deal to avoid the so-called fiscal cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house t
FOX News
Nov 26, 2012 9:00pm PST
scenario where we go off the fiscal cliff. we can go back into a recession. >> the fiscal cliff reports, but are democrats trying to scare you with massive tax hikes? also chaos in malls across america on black friday. we examine what's behind the holiday hysteria. >> a clear sexism and racism. >> more baseless allegations from the left that racism is fueling criticism of ambassador susan rice. we sounded that alarm about the rise of the muslim brotherhood in egypt. now our predictions are becoming a dangerous reality. all of that, plus video of jamie foxx's bizarre tribute to his lord and savior. barack obama? "hannity" starts right here, right now. >> it's clear the democrats spell blood in the water. if a deal is not reached by january 1st, a series of defense budget cuts will mean massive tax hikes reaching every american. we've seen democrats from the president on down using the so-called crisis to ram their left wing agenda down your throat. they want bigger taxes, bigger government. for example, take a look. >> if despite the dangers of going over the fiscal cliff and what that m
FOX News
Nov 29, 2012 6:00am PST
2k. the white house is saying if the u.s. goes off the fiscal cliff it will cost the average middle class family $2,200 a year and they want middle class social media users, twitter users who don't want that to happen to get online right now. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress. right them an email. post it on their nice book walls. you can tweet it using the hashtag, my 2k. >> reporter: as you heard at the top of the show treasury secretary timothy geithner is going to be on the hill today. one of his meetings will be with senate majority leader mitch mcconnell who just said, we are eager to hear the administration's specific plans for protecting jobs and growth by reducing the national debt, reducing washington spending and preventing a tax hike on every american taxpayer. so, bill, the two sides are talking to each other but it does sound like we are a little ways away fro
FOX News
Nov 25, 2012 9:00am PST
leaders are hoping to hammer out a deal to avoid the fiscal cliff. it is clear that the lawmakers are strug struggling to find a common ground. but some are saying there is a compromise. >> the stock market rallied amidst the talk of a possible deal being made. but independent senator joe lieberman is saying there is no done deal. he says, if congress does nothing, which they have gotten pretty good at, we will go over the fiscal cliff. the republicans have conceded that the government needs to find new ways to take in more money and now the fight is centered on where to get it from. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates
FOX News
Nov 26, 2012 3:00am PST
the retailers busy over the weekend. talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that it will happen two now. republicans have beenadament and said we can't raise taxes on anybody. and glover norquist said as long as you don't raise tax rates that is okay. and lindsay graham on that. >> i agree we shouldn't raise rates but i think grover is wrong to cap and buy down debt. what do you do with the money and i will violate the pledge for the good of the country only if the democrats do entitlement reform. >> gretchen: i think the pledge thing is good and bad. if you are a republican and believe that raising taxes is the wrong they think that and fi
FOX News
Nov 24, 2012 10:00am PST
. >> back home now, and the fast approaching so-called fiscal cliff, which the thanksgiving holiday over, the president and top lawmakers are focusing this coming week on negotiating a deal on those expiring tax cuts and spending reductions that will automatically kick in december 31st, at midnight. so will we see more face-to-face meetings and what do both sides need to do? let's talk with angela mcglowan, and mark hammond a former aid to john kerry and nice to see you both. i predict more face-to-face meetings and i think they'll get together, kind of like holiday dinners, you see a lot of people you might not choose to see, but you have to see them, right. >> you have to see them and you might not want to see them again for another year, but, he yes, rick, they have to come to the table again and again and again until we reach a deal. if we go off the fiscal cliff, it's predicted that we will get another recession, now they're saying if we go off the fiscal cliff it only impact certain americans with taxes increasing and it will affect our country and economy. and we need face-to
FOX News
Nov 26, 2012 2:00pm PST
five." ♪ ♪ >> eric: who in the world can save us from the fiscal cliff? >> first of all, give honor to god. ♪ ♪ lord and savior, barack obama. >> eric: not even that savior. 36 days going over the fiscal cliff. you should know what is at stake if partisans don't figure out a way soon. bush tax cut goes away and that alone would drive taxup fo. the patches will die as well. so add in the failure of the super committee and sequestered $1.2 trillion. spending cuts of $600 billion in defense. why are we here? you can't blame revenues. americans forked over $2.3 trillion in taxes and fees last year. the taxaholics are stone cold drunk on our spending. spending is out of control. mr. president, waiting for you to stand up and show leadership. bob, haven't heard a thing. crickets. >> eric: i think you heard things. there is movement going on here. >> bob: i'm glad they're breaking away from norquist and say there is a need for revenue. i think whether that comes in form of limiting deductions to $50,000 for people making over $250,000 or -- >> eric: i can say. we will get to all of tha
FOX News
Nov 28, 2012 8:00am PST
the coming fiscal cliff. our chief white house correspondent ed henry is live at the white house. so what are we expecting from the president today, ed? >> reporter: jon he is going to meet with business leaders as you say later this hour. he will come out and talk about where he believes these fiscal cliff talks are. you remember on friday he will be in pennsylvania for essentially a campaign-style event to try and pressure republicans to move forward in these talks. the white house also has this new twitter campaign they unveiled today, the hashtag, my 2 k, as in $2000 believes middle class families will get if the president's push to extend bush-era tax cuts for the middle class to continue. republicans have been saying that is all about campaigning. jay carney, the white house spokesman says it is about engaging the public. take a listen. >> the president spoke with speaker of the house boehner and senate majority leader reid over the weekend. our team is continuing discussions with their congressional counterparts on this matter, and it is entirely appropriate i would say both f
FOX News
Nov 27, 2012 8:00am PST
. economy heading for a plunge over the fiscal cliff? with us now, associate editor and columnist for "the hill", a.b. stoddard. so what are the folks that you cover there on capitol hill, what are they saying about the prospects here? >> well, in the last 10 days it starts to sound more and more like democrats don't really have a problem with going over the slope or the cliff. they won't really admit that but it seems that they're not working so hard to stop it. you see the white house trying to tell americans that there is going to be such a steep tax increase on the middle class that it could affect consumer spending at the holidays. that is 20% of total retail consumer demand for the year. that would have a bad effect on the economy. republicans have already agreed to increase taxes on the wealthy. when you heard senator gram and others say they're willing to cap deductions and close loopholes. they're willing to find new revenues we know taxes on the wealthy are going up. what we're talking about is an increase in rates. republicans tell me if the president moves off the 250,000
FOX News
Nov 25, 2012 3:00am PST
on a deal to avoid that fiscal cliff you've heard about a time or two. >> clayton: yeah, peter doocy live in washington this morning with the latest on where these negotiations stand and we can expect, i guess, tomorrow, peter, they get back to work after thanksgiving? >> reporter: that's right, clayton, so far just one meeting we know about the small, but bipartisan group of lawmakers trying to speteer the country away from the fiscal cliff and represent their parties. right after the bat after the first meeting speaker boehner told us he's ready to agree to new revenue in a deal, but the deal needs to be balanced. >> to show to your seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue that revenue on the table. it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. >> democrats, obviously, control the white house and the senate, but they still need the republican-led house to sign off on whatever potential dea
FOX News
Nov 29, 2012 2:00am PST
seem to be miles and miles apart when it comes to the issue of the fiscal cliff. we asked each side what they would be willing to cut to make sure your taxes don't go up. plus, it isn't a wild safari, this is staten island. how these two pulled off the greatest scape. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. this bible changed the world. i'm kirk cameron. four hundred years ago our forefathers risked their lives to bring this bible to the shores of america. because it contained the principals for economic liberty, political liberty and religious freedom. the 1599 geneva bible. it was the first complete english translation, complete with chapters, numbered verses and 300,000 utterly unique study notes. it actually came out before the king james version and because the government didn't authorize it, it was outlawed. but it was a bible by the people, for the people, the book that
FOX News
Nov 24, 2012 9:00am PST
world phenomenon. and many will be mourning the larry mag man. and the taxing fiscal cliff. corvers are staying that republicaning are folding under pressure. steve forbes joins us. and the miracle on worthington street. and a massive explosion rocks a massachusetts. and all on america's news head quarters, don't go away. with verizon. hurry in this saturday and sunday for great deals. likehe lucid by lg, free. or the galaxy nexus by samsung, free. this weekend, get the best deals on the best devices on the best network. exclusively at verizon. >> welcome back. later today investigators are assessing the damage done to buildings near a strip club that exploded yesterday. a national gas explosion leveled the building. 18 people were injured there and first responders had evacuated the building when it exploded. listen up. there is a way law makers can avoid the fiscal cliff. the answer is going to require compromise and may include three tread words. some tax indreeses. if president obama want to go back to the clinton era. he needs to follow president obama's lead that included dere
FOX News
Nov 23, 2012 8:00am PST
publicly into the fight over the looming so-called fiscal cliff, and they're not holding back. elizabeth macdonald is with the fox business network. okay, liz, so who are these corporations, and what exactly are they saying? >> good to be with you, arthel. it's walmart, cvs and wall greens. walmart or is basically saying, look, customers don't need the uncertainty over tax increases, and let's get to cvs caremark because these two drug store chains are basically making rare public policy statements that we've never seen before from these companies. they're urging washington to avoid the fiscal cliff. cvs caremark is essentially saying, look, our customers are hard working american families, they make decisions on the budget. they've been faced with, basically, persistent high unemployment, fragile economic growth, and they want to know that d.c. is working on their behalf. so and that was also the same sentiment that you heard out of walgreens. walgreens also saying, basically, the health of the u.s. economy, the recovery and american families depends on a consensus agreement
FOX News
Nov 29, 2012 1:00pm PST
. behind-the-scenes anyway, on the fiscal cliff. the markets are liking it, it is feeling good, and we will get neil's take. >>neil: well, maybe not so fast, because you bend, we bulk and conservatives sending a stern message to the g.o.p. do not do not do not think of hiking taxes. welcome, everyone, i am neil cavuto. today the democrats are gloating. republicans are the ones who are cracking on tax cuts. >>guest: i am glad some reasonable republicans are breaking from the pack. >> congressman cole represented a watershed, we are happy with any rationale that helps republicans accept de-coupling of the bush tax cuts. they seat handwriting on the wall. >>neil: chuck could be happy but conservatives not and they are warning republicans who vote to hike should take a hike. chairman of "for america" said in a letter he will make it his mission to ensure every conservative donor gives not one penny to the republican party or any member of congress. that votes for tax increase. and senator demint echoing that warning lawmakers could face conservative challengers if they hike taxes on anyone
FOX News
Nov 28, 2012 2:00am PST
have a little time before fiscal cliff. lack of progress. >> we are a little over four weeks away from the fiscal cliff and still no progress. there is a massive tax hike in spending cuts, it only intensifies on comments by harry read essentially confirming the budget talks still remain worlds apart. the dow down nearly 90 points. >> this will be a big topic in the future. college loan debt. that could be the next housing bubble. >> the federal lending making college education to any one is really only creating a pile of debt so large that since 2007 it has risen 56 percent while other forms of debt like auto debt mortgage debt that declined. u.s. student debt rose $950 billion according to the federal bank of new york. now 11 percent of those balances are at least 90-days late. that is higher than credit card late payments for the first time in history. >> if the student continue to default that is the u.s. taxpayers picking up the tabs. >> most of the student debt is in the grace period so the number is probably even higher. >> we will keep following that one. christmas air fare
FOX News
Nov 27, 2012 2:00am PST
bipartisan the way it was with tip o'neil and ronald reagan. >> the fiscal cliff making investors nervous but not consumers. that's one of the stories you can bank on this morning. if you looked at cyber monday all of the deals you are not alone. early numbers show that sales were on track to break records. lauren simonetti joins us to look at these numbers. >> i went shopping yesterday, did you? >> i did, actually. >> as of 9:00 p.m. last night on-line sales were up more than 28 percent over last year. the topics amazon kindle fire followed by the boot, mobile commerce. >> proving to be more of a growing trend more than a 5th of us used mobile devices to purchase. >> operation santa starting it's 100th year. >> it's the 100th year birthday. more than 1 million santa letters are expect to do come into the post office. it links anonymous donor with a child to have their christmas wish list fulfilled. super storm sandy has increased the number of families in need and dressing the number of donors. if you are looking to fulfill one of those holiday wish lists go to on-line operation letter to sa
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